Wrist Wearable Devices Market Analysis by Components (Power Supply, Sensing, Memory, Display); Products (Smart watches, Smart bands, Monitoring Devices, Fitness); Applications (Lifestyle, Medical, Sports, Infotainment) Browse an in-depth TOC on “Wrist Wearable Devices Market”: http://industryarc.com/Report/167/wrist-wearable-devices-market-analysis-and-forecast.html
One in ten U.S. adults now owns a fitness tracker, according to the latest survey by IndustryARC on the Wrist Wearable Devices Market. This report by IndustryARC provides a detailed view on the present and future scenarios of a potentially multi-billion dollar industry which is quite surely to be a huge game changer in the global market with consumer market being one of the most profitable segment.
Wrist Wearable Devices Market involves the production of electronic devices such as smart watches, smart bands, fitness trackers and body/activity monitoring devices. The components used to manufacture these devices are similar to the ones used to manufacture smartphones and tablets.
The Market Shall Break New Grounds For Obvious Reasons:
• Starting in 2015 the wrist wearable technology is projected to gain high traction in the next 5 years in terms of CAGR rate, main driving factor being: consumers switch from tablet and mobile devices to smaller wearable technologies that can provide the same apps.
• Top players in this market such as Samsung, Sony, HTC, Intel and others are constantly succeeding in their efforts and there is no looking back.
• Replacing passwords with this technology is a great replacement for conventional apps and gadgets.
• Treadmill readings made much easier and handy.
• Apart from electronic growth, the market has outreached the telemedicine applications as well.
• Usage of GPS has created a never ending buzz in the
• Wrist Wearable Devices have also started to gain location accuracy merging with other smart technologies.
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Market Trends & Market Growth:
Experts conclude that the Wrist Wearable Devices Market will be making strong impacts on the Healthcare Industry across the board during the forecast period, 2015-2020. Geographically, the United States and North America combined are leading the way in the market while China is noted to be right behind. It has also been accounted that the Leading Segments for this market are Smart Wristwatch and Smart Wrist Bands. Currently, the market is highly focusing on battery stability, precision and durability of the devices manufactured in order to increase sales and revenue as well as serve the needs of the customers.
REPORT SCOPE: Market Segmentation:
Wrist Wearable Devices Market is classified depending on the following factors into 4 types:
• By Electronic Components: Display, Memory, Sensors, Processors and Others.
• By Products: Activity Trackers, Healthcare Monitors, Lifestyle Bands and Others.
• By Application: Healthcare, Information Control, Entertainment and Others.
• By Geography: Americas, Europe, APAC and ROW.
Market Key Players:
Mentioning the leading competitors of the Wrist Wearable Devices Market which are studied and mentioned in this report:
• Nike Inc.
• Adidas Ag
• LG Electronics Inc.
• Google Inc.
• Apple Inc.
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